5, OLD FARM CLOSE, BOGNOR REGIS, PO21 4AX - £375,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 OLD FARM CLOSE is a very small detached house of 75m², built sometime between 1976 and 1982. It was last sold for £375,000 in April 2021, which was around 23% below the average April 2021 detached price in the Arun local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

5 OLD FARM CLOSE Sold Prices

Land registry data shows four sales for 5 OLD FARM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Arun local authority area for the corresponding sale date. two of the four 5 OLD FARM CLOSE sales were for below the average price, and four were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 8 APR	£375,000	£484,339	23% below HPI
2002 11 APR	£240,000	£204,426	17% above HPI
2000 17 OCT	£210,000	£176,754	19% above HPI
1995 26 MAY	£84,350	£93,614	10% below HPI

5 OLD FARM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The four 5 OLD FARM CLOSE sales between May 1995 and April 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2002 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the April 2021 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 5 OLD FARM CLOSE?

5 OLD FARM CLOSE is 75m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of detached houses in Bognor Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Bognor Regis, and where 5 OLD FARM CLOSE lies on this distribution: 12% of detached houses are smaller than 5 OLD FARM CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

5 OLD FARM CLOSE: Plot and Title Map

5 OLD FARM CLOSE sits on a plot of roughly 0.156 of an acre, or 633m². The below map shows the location of 5 OLD FARM CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 OLD FARM CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 OLD FARM CLOSE?

5 OLD FARM CLOSE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 5 on OLD FARM CLOSE.